AlphaMark Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,369 shares of the iPhone maker’s stock after purchasing an additional 987 shares during the period. Apple makes up approximately 0.9% of AlphaMark Advisors LLC’s holdings, making the stock its 26th largest holding. AlphaMark Advisors LLC’s holdings in Apple were worth $1,867,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in AAPL. IFM Investors Pty Ltd raised its position in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares during the period. Markel Corp increased its holdings in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the period. Camden Capital LLC grew its stake in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC grew its stake in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.
In other Apple news, SVP Deirdre O’brien sold 43,622 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $165.41, for a total value of $7,215,515.02. Following the completion of the sale, the senior vice president now directly owns 136,444 shares in the company, valued at $22,569,202.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Timothy D. Cook sold 56,072 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $165.17, for a total transaction of $9,261,412.24. Following the completion of the transaction, the chief executive officer now owns 3,280,052 shares of the company’s stock, valued at $541,766,188.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 43,622 shares of Apple stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $165.41, for a total transaction of $7,215,515.02. Following the completion of the transaction, the senior vice president now directly owns 136,444 shares of the company’s stock, valued at approximately $22,569,202.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 439,529 shares of company stock worth $71,703,657. Corporate insiders own 0.06% of the company’s stock.
Apple Stock Up 0.1 %
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $94.84 billion for the quarter, compared to analyst estimates of $92.84 billion. Apple had a net margin of 24.49% and a return on equity of 165.72%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS. Analysts forecast that Apple Inc. will post 5.99 earnings per share for the current fiscal year.
Apple declared that its board has authorized a share repurchase plan on Thursday, May 4th that permits the company to repurchase $90.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 15th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, May 12th. This is an increase from Apple’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is currently 16.30%.
Analyst Ratings Changes
AAPL has been the topic of several recent analyst reports. Robert W. Baird raised their target price on Apple from $170.00 to $180.00 in a research note on Tuesday, May 2nd. Monness Crespi & Hardt lifted their price objective on Apple from $174.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Evercore ISI reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Apple in a research report on Monday, February 6th. Rosenblatt Securities lifted their price objective on Apple from $173.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, KeyCorp lifted their price objective on Apple from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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